Assets

- [Voiceover] The asset section of the balance sheet…as we saw previously,…is containing everything that the company owns.…It is the plus side, or positive side,…of the balance sheet.…This includes a variety of elements.…They all have one thing in common,…they have a dollar value and can be turned into cash.…Those elements are cash, accounts receivable,…inventory, prepaid expenses,…net fixed assets, and other assets.…Those assets are split into two sub categories,…current assets, which group together all the assets…that relate directly to the date…the activity of the company,…and fixed and other assets,…which are investments that have been made…to enable such things as production,…or having office space.…

Those are necessary to make the company work,…but are not necessarily changing every year.…

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Released

11/7/2013

A wealth of information is available to you if you know how to read financial documents. Being able to glean information from an income statement, a cash flow statement, or a balance sheet can give you an edge in understanding not only your own business but also your competition. In this course, Rudolph Rosenberg, a finance expert, takes you through the steps of making sense of what is contained in financial reports and how to read them. You'll also learn how they fit together to give you a view of a company's situation.

Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

Topics include:

What is a financial statement?

Reading the balance sheet

Understanding depreciation, liabilities, and equity

Reading the income statement

Understanding revenue, costs, profitability, and net income

How cash flow works

Analyzing financial documents with context<br><br>

The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.